Rafael Luis Marte (CRD # 4304158, Registered Principal, Bronx, New York) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in a Limited Principal — Financial and Operations capacity for 20 business days. The fine must be paid either immediately upon Marte’s reassociation with a FINRA member firm following his suspension, or prior to the filing of any application or request for relief from any statutory disqualification, whichever is earlier. Without admitting or denying the findings, Marte consented to the described sanctions and to the entry of findings that he allowed his member firm to conduct a securities business while the firm was below its net capital requirement. The findings stated that Marte maintained inaccurate financial books and records for his firm and filed inaccurate Financial and Operational Combined Uniform Single (FOCUS) reports on his firm’s behalf with FINRA. The findings also stated that Marte failed to ensure that his firm maintained a fidelity bond.(FINRA Case # 2007007155401)